CUSPIDE: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
CUSPIDE
Largest movements
- Tangible fixed assets -€26,342
down €26,342 (-3.9%), from €679,104 to €652,762
of which Land and buildings: -€17,663
- Cash -€10,318
down €10,318 (-51.6%), from €20,001 to €9,683
mainly Net result for the year (-€39,898) and Tax, wage and social debts (-€6,978)
- Profit (loss) carried forward -€39,898
new in 2025: -€39,898
- Other debts +€9,681
up €9,681 (+2.4%), from €404,741 to €414,422
- Gross operating margin -€66,663
down €66,663, from €66,001 to -€662
- Taxes -€8,156
no longer reported in 2025 (was €8,156)
- Financial income +€693
up €693 (+456%), from €152 to €845
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €700,905 | €662,445 | -€38,460 | -5.5% |
| Fixed assets | 21/28 | €679,104 | €652,762 | -€26,342 | -3.9% |
| Tangible fixed assets | 22/27 | €679,104 | €652,762 | -€26,342 | -3.9% |
| Land and buildings | 22 | €632,188 | €614,525 | -€17,663 | -2.8% |
| Plant, machinery and equipment | 23 | €8,593 | €8,192 | -€401 | -4.7% |
| Furniture and vehicles | 24 | €38,323 | €30,045 | -€8,278 | -21.6% |
| Current assets | 29/58 | €21,801 | €9,683 | -€12,118 | -55.6% |
| Stocks and contracts in progress | 3 | €1,000 | - | -€1,000 | |
| Contracts in progress | 37 | €1,000 | - | -€1,000 | |
| Cash at bank and in hand | 54/58 | €20,001 | €9,683 | -€10,318 | -51.6% |
| Deferred charges and accrued income | 490/1 | €800 | - | -€800 | |
| Total equity and liabilities | 10/49 | €700,905 | €662,445 | -€38,460 | -5.5% |
| Equity | 10/15 | €269,009 | €229,111 | -€39,898 | -14.8% |
| Contributions | 10/11 | €154,000 | €154,000 | = | 0.0% |
| Reserves | 13 | €115,009 | €115,009 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,400 | €15,400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €15,400 | €15,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €32,000 | €32,000 | = | 0.0% |
| Distributable reserves | 133 | €67,609 | €67,609 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€39,898 | -€39,898 | |
| Amounts payable | 17/49 | €431,896 | €433,334 | +€1,438 | +0.3% |
| Amounts payable within one year | 42/48 | €423,916 | €425,354 | +€1,438 | +0.3% |
| Trade debts | 44 | €2,617 | €1,352 | -€1,265 | -48.3% |
| Suppliers | 440/4 | €2,617 | €1,352 | -€1,265 | -48.3% |
| Taxes, remuneration and social security | 45 | €16,558 | €9,580 | -€6,978 | -42.1% |
| Taxes | 450/3 | €4,558 | €3,420 | -€1,138 | -25.0% |
| Remuneration and social security | 454/9 | €12,000 | €6,160 | -€5,840 | -48.7% |
| Other amounts payable | 47/48 | €404,741 | €414,422 | +€9,681 | +2.4% |
| Accrued charges and deferred income | 492/3 | €7,980 | €7,980 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,889 | €28,255 | -€634 | -2.2% |
| Other operating charges | 640/8 | - | €64 | +€64 | |
| Gross operating margin | 9900 | €66,001 | -€662 | -€66,663 | |
| Operating profit (loss) | 9901 | €37,112 | -€28,981 | -€66,093 | |
| Financial income | 75/76B | €152 | €845 | +€693 | +456% |
| Recurring financial income | 75 | €152 | €845 | +€693 | +456% |
| Financial charges | 65/66B | €11,988 | €11,762 | -€226 | -1.9% |
| Recurring financial charges | 65 | €11,988 | €11,762 | -€226 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | €25,276 | -€39,898 | -€65,174 | |
| Income taxes | 67/77 | €8,156 | - | -€8,156 | |
| Profit (loss) for the period | 9904 | €17,120 | -€39,898 | -€57,018 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,120 | -€39,898 | -€57,018 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.